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Agricultural Marketing Act 1958
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Agricultural Marketing Act 1958, Section 25 is up to date with all changes known to be in force on or before 25 November 2024. There are changes that may be brought into force at a future date. Changes that have been made appear in the content and are referenced with annotations.
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Changes and effects yet to be applied to Section 25:
- s. 24-27 repealed by 2024 asp 11 sch. 2 Pt. 1
25 Long-term loans.U.K.
If, in the opinion of the Minister, it is expedient that there should be made to any board a loan which shall not be repayable until the expiration of a period exceeding two years, he may, [F1on the recommendation of the appropriate Agricultural Marketing Facilities Committee], lend to that board such sums as he thinks fit, and every such loan shall be made on such terms and secured in such manner as the Minister, with the approval of the Treasury, may by regulations prescribe:
Provided that the amount outstanding of the loans made under this section shall not at any time exceed in the aggregate one hundred thousand pounds, in the case of the Agricultural Marketing Fund, or fifty thousand pounds, in the case of the Agricultural Marketing (Scotland) Fund.
Textual Amendments
F1Words repealed (E.W.S) by Agriculture (Miscellaneous Provisions) Act 1972 (c. 62, SIF 2:1), ss. 12(3)(c), 26(3)(4), Sch. 6
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